From The Age today:-
Former health minister Michael Wooldridge has been banned as a company director for more than two years but escaped harsher punishment over his role in collapsed retirement village scheme Prime Trust.
The penalty was handed down on Tuesday in a judgment against five directors of the failed $500 million scheme.
Other directors, including founder Bill Lewski, received longer bans, with Mr Lewski's lasting 15 years - the most of any of the scheme's directors.
The ban handed down to Dr Wooldridge will force him to step down from two ASX-listed boards, including Australian Pharmaceuticals Industries (API), the company that owns Priceline and Soul Pattinson chemist chains, and the Vision Eye Institute.
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